Meta Payment Systems Hires a New CRO

Meta Payment Systems has hired John Hagy as Chief Risk Officer and General Counsel for all business units of the company. Mr. Hagy has over 20 years experience with compliance, legal, and regulatory affairs in all aspects of the financial services industry. He combines his expertise in regulatory matters with significant previous experience in business development and management of both insurance and marketing companies. MetaBank is a federally-chartered savings bank headquartered in Storm Lake, Iowa. Meta Financial Group, Inc.(R) is the bank holding company for MetaBank, MetaBank West Central, Meta Payment Systems(R), and Meta Trust Company(R).

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RETALIX 2Q/06

Ra’anana-based POS specialist, Retalix, reported second quarter revenues of $45.9 million, a 5% year-over-year decline and a 9% drop sequentially. The decrease was due to delays in the delivery of several
projects that were not completed before the end of the quarter. The net loss was $2.7 million, compared to a net income of $2.5 million in the second quarter of 2005. During the second quarter, a Tier-1 grocery retailer in Europe went live with Retalix loyalty and promotions solution; European chain started the roll-out of Retalix “StoreLine” to its hypermarkets; Woolworth’s stores in Australia rolled-out “StoreLine”; Delhaize’s ENA stores in Greece deployed “StoreLine”; and
Retalix “DemandAnalytX” was implemented at two convenience store chains in the U.S. For complete details on Retalix’s latest results visit CardData (www.carddata.com).

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RFID Tag ICs Shipments Double Over 2005

A new report shows that more than 565 million high-frequency RFID tag ICs were shipped last year. According to ABI Research shipments of “HF ISO14443” tag ICs increased 104%. During the past year, the U.S. focused on contactless payment and transit-ticketing trials. In North America, there is interest in open loop transit ticketing applications; for example, several major cities such as New York have been testing public transport contactless ticketing systems. Meanwhile other regions including Europe and Asia that began embracing contactless technology earlier are now implementing the technology at higher rates with fuller, wider deployments. These two factors have helped this market achieve significant growth.

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GCA Signs Penn National Gaming

Global Cash Access has signed an agreement with Penn National Gaming to provide its “Central Credit” check warranty service to Penn National’s gaming establishments. Central Credit, a wholly-owned subsidiary of GCA, is the leading source for gaming credit information with a proprietary database of gaming patron credit history and transaction data on millions of gaming patrons worldwide. Global Cash Access, Inc., a wholly-owned subsidiary of Global Cash Access Holdings, Inc. (NYSE: GCA), is a leading provider of cash access products and related services to approximately 1,060 gaming properties and other clients in the United States, Continental Europe, the United Kingdom, Canada and the Caribbean.

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Pinnacle Payment Become an UATP Acquirer

Pinnacle Payment Solutions has become an UATP acquirer. The Company will settle all UATP transactions through UATP “Settlement Services,” a settlement system that matches fees and air tickets electronically, allowing for easy reconciliation of accounts for travel agents and their customers for non-clearinghouse transactions. UATP accounts are accepted as a form of payment for corporate business travel by airlines and travel agencies worldwide. UATP accounts are issued by: Aer Lingus, Air New Zealand, American Airlines, Austrian Airlines, Continental Airlines, Delta Air Lines, Japan Airlines, Qantas Airways, United Airlines and US Airways. AirPlus International issues the UATP-based Company Account for: British Airways, Continental Airlines, and Lufthansa German Airlines.

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Advertising Inserts Make a Difference

MD-based Vertis Communications reported that a recent survey showed that 33% of adults with children are influenced the most by advertising inserts when making their purchasing decisions. While many back to school purchases will revolve around fashion, many adults have plans to purchase home electronic items this year. Among the adults with children between six and 11 years old, 23% plan to purchase a desktop computer. On the other hand, 20% of adults with children between the ages of 12 and 17 have plans to purchase a notebook or laptop computer. Video gaming systems are also a popular item among 23% of adults with children five years old and younger, 24% of adults with children between six and 11 years old and 20% of adults with children 11 to 16 years old, compared to 13% of total adults.

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Cash Now/Mono Bank to Launch a Smart Card

FL-base Cash Now and Mono Bank are planning to launch a white label or private label smart card by the end of 2006. The infrastructure is already incorporated into this technology by most of the Credit Card machines; however its use has not reached the social mainstream yet. The Smart Cards in a global market has received great reviews amongst its users all across the world. Cash Now Corporation (CHNW.PK), a pioneer in the Internet payday loan and check cashing industry, and is developing the most comprehensive menu of services in the cash advance industry, all centered on the Cash Now brand.

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Susquehanna Bancshares Goes Total Wincor

PA-based Susquehanna Bancshares has become Wincor Nixdorf’s first customer in the U.S. to install all Wincor hardware, software and services to its branches and entire ATM fleet. Wincor Nixdorf is currently working with Susquehanna to deploy its ProSales CRM software solution. Wincor Nixdorf is also working with Susquehanna to utilize ProSales for broadcast advertising campaigns of the bank’s services and products to customers via large flat screens in Susquehanna’s branches. Susquehanna is a financial services holding company, operating in multiple states, with assets of $8.3 billion. Wincor Nixdorf is one of the world’s leading suppliers of IT solutions to the retail and banking industries.

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AmEx and VCT Hammer Out a Clear Card Deal

American Express has reached a licensing arrangement with Versatile Card Technology for production of clear payment cards. AmEx issued the world’s first truly clear, transparent card, “Blue” in Australia in July 2001 and then introduced the first truly clear, transparent card product in the U.S. in 2002 with “Blue.” American Express currently is using the technology for “Blue,” “Blue Cash” from American Express and several other card products. AmEX is the owner of numerous patents covering such cards and the processes and components necessary for producing them. VCT is licensed under the American Express patents to produce cards for other card issuers that are truly clear and transparent, using the same patented technology incorporated in American Express’s own card products.

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eFunds Names a New Intl President

eFunds has named Shailesh Kotwal, who formerly served on the Board of Directors of several American Express subsidiaries, as President of International. Kotwal joins eFunds Corporation with more than 17 years in the financial services industry, most recently as vice president and general manager of international insurance services for American Express where he managed product development, diversified the company’s distribution channels and implemented operational best practices in 25 countries. With more than 30 years of payment processing and information intelligence expertise, eFunds delivers flexible, innovative solutions to the world’s leading businesses.

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Valet Pay Gets VISA CISP Compliant

Los Angeles-based Valet Pay announced its compliance with both VISA’s “CISP” and the “PCI DSS”. Valet Pay joins a very small list of payment gateways that are permitted to store, process, or transmit cardholder information. Further information about this compliance can be found on Visa’s web site visa.com/cisp. Valet Pay LLC was formed in October 2004 with the mission of creating a unique Internet payment gateway solution for businesses of all sizes.

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